Increase revenue to tens of thousands billion VND by inspection

VCN – Through the work of inspection, examination, debt recovery, revenue management, loss prevention, anti-smuggling and trade fraud, Customs and Tax authorities have processed and increased revenue to tens of thousands billion VND.
tin nhap 20181223163047
The work of inspection and collecting tax arrears is implemented regularly. Photo: H.V

Specifically, in the field of tax, as of 26/11/2018, the tax authorities have conducted nearly 78,600 tax inspections at enterprises, and inspected over 424,960 records in the tax authority’s headquarter, proposed to handle the state revenue collection of nearly 15, 400 billion VND (the amount of money already paid into the state budget was 10,200 billion VND); anti-price transfer, loss reduction over 25,100 billion VND; recovery of 28,100 billion VND of tax arrears.

In the Customs field, up to 15/11/2018, the Customs authority has implemented 6,500 post clearance audits, handling to increase the budget to 2,000 billion VND; urging and handling to collect tax debts of 1,333 billion VND; detecting, arresting and handling over 15,500 cases of violations in the customs area, increased revenue of 306 billion VND; Customs authorities prosecuted 62 cases and transferred 99 cases to competent authority for prosecution.

In order to achieve the above results, the General Department of Taxation and the General Department of Vietnam Customs have actively and drastically deployed in the management of revenue collection and loss prevention, anti-smuggling and trade frauds, anti-price transfer.

Thus, in order to complete and exceed the assigned tasks of state revenue collection in 2018, in the remaining time of 2018, the Tax and Customs authorities will coordinate with the relevant local authorities to further strengthen the work of revenue collection, loss prevention, anti-smuggling, trade fraud and price transfer.

Particularly, in the field of Taxation, in 12/2018, tax authorities at all levels will continue to forcefully implement debt recovery and tax debt enforcement, striving to bring the total tax debt up to 31/12/2018 not to exceed 5% of total state budget revenue as planned.

By H.Vân/Thanh Thuy

Related News

Binh Dinh Customs: revenue collection increases sharply

Binh Dinh Customs: revenue collection increases sharply

Implementing many solutions to support businesses, and attract import and export goods, the state revenue of Binh Dinh Customs in the first months of 2024 achieved high results.
Difficulties in recovering and handling tax debt of absconding businesses

Difficulties in recovering and handling tax debt of absconding businesses

VCN - Hundreds of cases of businesses with tax debt are no longer operating at their registered business addresses or have ceased operations, making tax debt collection by the Customs authorities difficult.
"Huge" drug lines and new disguise tricks

"Huge" drug lines and new disguise tricks

VCN - The subjects placed blenders, welding machines, presses, and empty battery cases from China to Vietnam for the purpose of storing drugs that are ground into powder in compressed battery cases and welding the lids at both ends to create finished products to disguise and not to be detected by the Customs screening department when exported.
Five key northern local customs departments signed an emulation agreement

Five key northern local customs departments signed an emulation agreement

VCN - Five local customs departments belonging to Emulation Cluster No. 3 of the General Department of Vietnam Customs (including Hai Phong Customs Department, Hanoi Customs Department, Quang Ninh Customs Department, Bac Ninh Customs Department and Ha Nam Ninh Customs Department) signed an emulation agreement, striving to complete assigned tasks.

Latest News

Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

VCN – On May 3, Minister of Finance Ho Duc Phoc had a reception with Mr. Yamada Takio, Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam before the end of his term.
Banks strengthen information security systems

Banks strengthen information security systems

Banks often face attacks from high-tech criminals to steal customer data to conduct property appropriation fraud. Therefore, banks must strengthen defence measures to ensure safety and security in their systems.

More News

“Opportune environment” for growth of insurance enterprises

“Opportune environment” for growth of insurance enterprises

VCN - According to the Ministry of Finance, in the first quarter of 2024, total assets of insurance enterprises are estimated to reach VND 934.8 trillion, an increase of 11%; Investment back into the economy is estimated at VND 7,776.5 trillion, an increase of 8.7%. These are positive numbers for insurance enterprises to expect positive business results for the whole year 2024.
Closely monitoring fluctuations to calculate the appropriate time to adjust prices

Closely monitoring fluctuations to calculate the appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management needs to ensure inflation control and continue to support the removal of difficulties for business.
Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

VCN - Speaking at the Conference to collect opinions on the draft Government Decree regulating the Land Development Fund held by the Ministry of Finance on April 22, Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Read More

Your care

Latest Most read
Six localities should expedite site clearance and public investment

Six localities should expedite site clearance and public investment

VCN – Six provinces of Binh Thuan, Gia Lai, Dong Nai, Binh Duong, Binh Phuoc and Tay Ninh have disbursement rates lower than the average rate of the country in the first three months of the year, the Ministry of Finance reports.
Banks announce plans to significantly increase capital

Banks announce plans to significantly increase capital

Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio (CAR) and strengthen financial potential for credit and business expansion.
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam

VCN - In the financial sector, recently, Vietnam and Japan have effectively and closely cooperated in sectors such as ODA, tax, customs, securities and insurance.
Banks strengthen information security systems

Banks strengthen information security systems

Banks often face attacks from high-tech criminals to steal customer data to conduct property appropriation fraud. Therefore, banks must strengthen defence measures to ensure safety and security in their systems.
“Opportune environment” for growth of insurance enterprises

“Opportune environment” for growth of insurance enterprises

VCN - According to the Ministry of Finance, in the first quarter of 2024, total assets of insurance enterprises are estimated to reach VND 934.8 trillion, an increase of 11%; Investment back into the economy is estimated at VND 7,776.5 trillion, an increa
Mobile Version